Prices of soft drinks rise amid FX woes, inflationary pressure

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price. Nigerian Bottling Company (NBC), the More »

How brewers are selling beer with folklore

As Nigeria’s recession deepens and consumers pockets are squeezed, majority of those still drinking have shifted their beer preferences to value or low cost brands. Nigerian Breweries Plc, the country’s leading brewer More »

Category Archives: News

Fijabi Adebo, the businessman at the center of the NBC- Fanta, Sprite controversy speaks

Fijabi Adebo and his firm Fijabi Adebo Holdings Limited has become synonymous with the ongoing dispute between the Nigerian Bottling Company (“NBC”), the National Agency for Food and Drug Administration and Control (“NAFDAC”), a Lagos High Court and the Federal Ministry of Health. Mr. Adebo recently spoke on his travails and events that led up to the recent court judgement.

University Don pokes holes in FG’s Fanta, Sprite safety claims

The Vice-Chancellor of the Benson Idahosa University, Edo State, Prof. Ernest Izevbigie, has challenged the Federal Ministry of Health claims that Fanta and Sprite, both products of the Nigerian Bottling Company (“NBC”) are safe for human consumption.

Prof. Izevbigie, who spoke at a media parley in Benin City, said that the Health Ministry’s claims did not fully address the safety raised by the court ruling.

A Lagos high Court had instructed the National Agency for Food and Drug Administration and Control (NAFDAC) to compel the NBC to insert a written warning on its products that Fanta and Sprite could not be consumed with Vitamin C.

Promasidor supports government, private sector partnership to ensure a healthy environment

Dairy firm Promasidor Nigeria Limited, said that there needs to be a partnership between government and the private sector in order to achieve a healthy environment free from pollution.

The Head, Legal and Public Relations, Promasidor Nigeria Limietd, Mr. Andrew Enahoro disclosed this during an interview in Lagos recently. He said that maintaining a healthy environment was very important for any business to grow, adding that for this to take place, there needs to be compliance with laws governing environmental regulation.

International Breweries appoints new Board Chairman, COO

International Breweries Plc, the Ilesha-based brewer owned by AB InBev has named Mr. Sunday Akintoye Omole as its new Board Chairman effective 22 March, 2017.

Mr. Omole takes over from the erstwhile Managing Director and Board Chairman, Otunba Michael Daramola, who retired in line with the company’s Articles of Association.

FC WAMCO and Sahel Capital Partners Sign MOU on Collaboration to further Nigeria Dairy Development Programme

FrieslandCampina WAMCO Nigeria PLC and Sahel Capital Partners & Advisory have signed a Memorandum of Understanding (MoU) to collaborate on Nigeria Dairy Development Programme (NDDP).

The Nigeria Dairy Development Programme is a processor-led dairy programme collaboration between FrieslandCampina WAMCO Nigeria PLC, Nigeria’s leading dairy company and Sahel Capital Partners & Advisory Limited. The programme aims to strengthen the Dairy Transformation Agenda of the Government by demonstrating proof-of-scale in Nigeria’s processor-led initiatives for dairy development as modelled by FrieslandCampina WAMCO’s Dairy Development Programme (DDP).

National Assembly to investigate NBC, others over harmful content in soft drinks

The Federal House of Representatives on Wednesday moved to form an ad hoc committee which would investigate the quality of products produced by the Nigerian Bottling Company Limited (“NBC”) and other soft drinks producers in the country.

Year ends with loss for Cadbury Nigeria

Cadbury Nigeria Plc, the Bournvita maker on Tuesday reported its full year results for the 2016 financial year, ending the year with a net loss of N296m, compared to N1.2bn profit in 2015.

The company which has been experiencing declining sales and low profitability in the last few years said that revenue grew 8% in the year ended to nearly N30bn. In 2015, the company recorded N28bn in sales. The sales growth in addition to a tax credit of N266m helped narrow the company’s losses from N842m in the 9-months to December.

Guinness Nigeria commissions seven new boreholes in Cross River State to commemorate World Water Day

In furtherance of its continued commitment to interventions that transform lives and improve the health and well-being of communities in Nigeria, Guinness Nigeria Plc has constructed seven hand pump water boreholes in Bebi Community, Obanliku Local Government Area (LGA) of Cross River State.

Diageo’s Africa President John O’Keeffe sheds light on the group’s activities in Africa and outlook

Diageo Plc, the world’s largest spirits maker with big footprints in Africa in both beer and spirits segment said recently it has a strong positive outlook for its business on the continent. The group’s Africa president John O’Keeffe last week spoke with analysts on a wide range of issues pertaining to the group’s activities and strategy on the continent.

Excitement as Nigerians look forward to the first beer festival

Beer lovers are set to experience a weekend of diverse, all-inclusive beer adventure plus a weekend to indulge in a lifestyle where their biggest decision will be how they pick which activity to attend. This is as Nigeria’s first ever Beer festival is billed to hold in Lagos.

The Lagos Beer Festival holds April 22-23, 2017 at the National Stadium Surulere-Lagos and promises to be the largest annual gathering of beer enthusiasts, connoisseurs, celebrities, bar crawlers and those just wanting to learn more about beer.